In recent years, cryptocurrency adoption has seen unprecedented traction with the total cryptocurrency market capitalisation presently reaching into the trillion dollar range. Whilst these upcoming and unregulated markets are expanding at such an incredible rate, the excitement for investors and early adopters can somewhat be blunted by a common threat. The idea of regulating cryptocurrency; an idea favoured by central bodies and governments, opens up the possibility of handing over a disproportionate and unfair set of powers and controls that would undermine the privacy and potential prosperity for early adopters. New money systems that seek to deliberately circumvent the traditional fiat system in the arguably ambitious endeavours of one day solving economic downturn and hyperinflation have always been under constant surveillance by centralised regulatory bodies whom seek to enforce compliance and extortcryptocurrency systems throughlegal threat. This constant attempt at imposed authority is the antithesis of the very first visionaries' and founders' fundamental reasons behind the development of cryptocurrencies, and is not something that investors or adopters should have to deal with simply because the masses are now awakening to the multiple benefits of cryptocurrencies as a new money system. To further contextualize this issue, take for example any provider of cryptocurrency systems such as marketplaces or exchanges. Often, these systems are under threat of being ii legalised by governments under the condition that they provide a set of requested information or reports about their user bases to regulatory bodies that seek to use the information to legally extort proceeds. The same issue is present for consumers; introducing the spend problem. Adopters and investors want to enjoy the perks of what is currently a free and unregulated market. However, an incredibly common concern is how they can spend their cryptocurrencies on goods and services without being regulated 'on the way out' or subject to fees, taxes, and a multiplicity of regulatory extortion attempts that tries to criminalise their activity. CryptoCart is a decentralized and stateless e-commerce platform designed to provide consumers with a digital marketplace where users can spend cryptocurrencies on goods in an affordable way. A major benefit for users is that they can spend most major cryptocurrencies on real-world goods offered by several major European and US retail partners and have the goods shipped worldwide without having to go through a crypto-to-fiat disposal or being subjected to the regulatory concerns outlined above.
CC Token is the initial native currency for the CryptoCart platform and is built on the Ethereum blockchain using an ERC20 smart contract. In the interest of decentralization and statelessness, bridges to other blockchains are to be explored in line with the roadmap such as a BEP20 bridge on Binance Smart Chain. The ultimate end-goal will be the development of CC Coin, a sole blockchain exclusive to CryptoCart that can be bridged in a 1:1 ratio between existing blockchain tokens and open opportunities for the development of a comprehensive loyalty scheme for holders of the coin. Although most major cryptocurrencies will be accepted from the outset as a payment method for goods offered on the CryptoCart e-commerce platform, CC Token is primarily aimed at incentivizing users of the platform into adopting the native token through several rewards systems for holders, providing yield and discounts for users alongside the added mutual benefit of creating buy-pressure and therefore funding the continuity of development for the platform.
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